Bindi Metals (ASX:BIM) ROCE % : -59.49% (As of Dec. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Bindi Metals ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Bindi Metals's annualized ROCE % for the quarter that ended in Dec. 2024 was -59.49%.

Bindi Metals ROCE % Historical Data

The historical data trend for Bindi Metals's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bindi Metals ROCE % Chart

Bindi Metals Annual Data

Trend

Jun22

Jun23

Jun24

ROCE %

-17.52

-59.21

-62.92

Bindi Metals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
ROCE %	Get a 7-Day Free Trial			-58.95	-62.14	-68.80	-55.94	-59.49

Bindi Metals ROCE % Calculation

Bindi Metals's annualized ROCE % for the fiscal year that ended in Jun. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2024 )		(A: Jun. 2023 )		(A: Jun. 2024 )
	=	-1.293	/	( ( (2.97 - 0.417)	+	(1.64 - 0.083) )	/ 2 )
	=	-1.293	/	( (2.553	+	1.557)	/ 2 )
	=	-1.293	/	2.055
	=	-62.92 %

Bindi Metals's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Jun. 2024 )		(Q: Dec. 2024 )
	=	-1.332	/	( ( (1.64 - 0.083)	+	(2.998 - 0.077) )	/ 2 )
	=	-1.332	/	( ( 1.557	+	2.921 )	/ 2 )
	=	-1.332	/	2.239
	=	-59.49 %

(1) Note: The EBIT data used here is two times the semi-annual (Dec. 2024) EBIT data.

Bindi Metals (ASX:BIM) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Bindi Metals ROCE % Related Terms

Thank you for viewing the detailed overview of Bindi Metals's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Bindi Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bindi Metals Ltd (ASX:BIM) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 Street Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.bindimetals.com.au

Bindi Metals Ltd is a mineral exploration company. Bindi Metals is currently planning to develop a targeted exploration and evaluation program for its Biloela Copper-Gold Project in Queensland. The key prospects on the Biloela Tenement are Flanagans, Great Blackall, Scoria, and Quartz Ridge.

Bindi Metals Headlines

No Headlines